2.2.0.25falsefalse006010 - Disclosure - Summary of Significant Accounting Policiestruefalsefalse1falsefalseUSDfalsefalse1/1/2011 - 3/31/2011
USD ($)
$c20110101to20110331http://www.sec.gov/CIK0000074145duration2011-01-01T00:00:002011-03-31T00:00:00U001Standardhttp://www.xbrl.org/2003/iso4217USDiso42170USDUSD$2true0ogec_SummaryOfSignificantAccountingPoliciesAbstractogecfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseverboselabel1falsefalsefalse00<div><div><div><table align="center" border="0" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 12pt;"><tr valign="top"><td style="width: 40pt;"><div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 12pt; font-weight: bold;">1.</font></div></td><td><div align="left"><font style="display: inline; font-family: Times New Roman; font-size: 12pt; font-weight: bold;">Summary of Significant Accounting Policies</font></div></td></tr></table></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 12pt; font-weight: bold;">Organization</font></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="text-indent: 40pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 12pt;">The Company generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.  The Company's operations are subject to regulation by the OCC, the APSC and the FERC.  The Company is a wholly-owned subsidiary of OGE Energy which is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas primarily in the south central United States.  The Company was incorporated in 1902 under the laws of the Oklahoma Territory.  The Company is the largest electric utility in Oklahoma and its franchised service territory includes the Fort Smith, Arkansas area.  The Company sold its retail natural gas business in 1928 and is no longer engaged in the natural gas distribution business.</font></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 12pt; font-weight: bold;">Basis of Presentation</font></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="text-indent: 40pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 12pt;">The Condensed Financial Statements included herein have been prepared by the Company, without audit, pursuant to the rules and regulations of the SEC.  Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations; however, the Company believes that the disclosures are adequate to prevent the information presented from being misleading.</font></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="text-indent: 40pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 12pt;">In the opinion of management, all adjustments necessary to fairly present the financial position of the Company at March 31, 2011 and December 31, 2010, the results of its operations for the three months ended March 31, 2011 and 2010 and the results of its cash flows for the three months ended March 31, 2011 and 2010, have been included and are of a normal recurring nature except as otherwise disclosed.</font></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="text-indent: 40pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 12pt;">Due to seasonal fluctuations and other factors, the operating results for the three months ended March 31, 2011 are not necessarily indicative of the results that may be expected for the year ending December 31, 2011 or for any future period. The Condensed Financial Statements and Notes thereto should be read in conjunction with the audited Financial Statements and Notes thereto included in the Company's 2010 Form 10-K.</font></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 12pt; font-weight: bold;">Accounting Records</font></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="text-indent: 40pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 12pt;">The accounting records of the Company are maintained in accordance with the Uniform System of Accounts prescribed by the FERC and adopted by the OCC and the APSC.  Additionally, the Company, as a regulated utility, is subject to accounting principles for certain types of rate-regulated activities, which provide that certain actual or anticipated costs that would otherwise be charged to expense can be deferred as regulatory assets, based on the expected recovery from customers in future rates.  Likewise, certain actual or anticipated credits that would otherwise reduce expense can be deferred as regulatory liabilities, based on the expected flowback to customers in future rates.  Management's expected recovery of deferred costs and flowback of deferred credits generally results from specific decisions by regulators granting such ratemaking treatment.</font></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="text-indent: 40pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 12pt;">The Company records certain actual or anticipated costs and obligations as regulatory assets or liabilities if it is probable, based on regulatory orders or other available evidence, that the cost or obligation will be included in amounts allowable for recovery or refund in future rates.</font></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="text-indent: 40pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 12pt;">The following table is a summary of the Company's regulatory assets and liabilities at:</font></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div><table cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 12pt;"><tr><td colspan="2" valign="top" width="77%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td colspan="3" valign="top" width="12%"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt; font-weight: bold;">March 31,</font></div></td><td colspan="3" valign="top" width="11%"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">December 31,</font></div></td></tr><tr><td align="left" colspan="2" valign="top" width="77%" style="border-bottom: black 2px solid;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; font-size: 12pt;">(In millions)</font></div></td><td colspan="3" valign="top" width="12%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt; font-weight: bold;">2011</font></div></td><td colspan="3" valign="top" width="11%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">2010</font></div></td></tr><tr><td align="left" colspan="2" valign="top" width="77%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">Regulatory Assets</font></div></td><td valign="top" width="3%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="7%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="3%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="6%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td></tr><tr><td align="left" colspan="2" valign="top" width="77%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 16pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">Current</font></div></td><td valign="top" width="3%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="7%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="3%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="6%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td></tr><tr><td align="left" colspan="2" valign="top" width="77%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 24pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">Fuel clause under recoveries</font></div></td><td align="right" valign="top" width="3%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt; font-weight: bold;">$</font></div></td><td align="right" valign="top" width="7%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt; font-weight: bold;">0.4</font></div></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td align="right" valign="top" width="3%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">$</font></div></td><td align="right" valign="top" width="6%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">1.0</font></div></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td></tr><tr><td align="left" colspan="2" valign="top" width="77%" style="border-bottom: black 2px solid;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 24pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">Other (A)</font></div></td><td valign="top" width="3%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td align="right" valign="top" width="7%" style="border-bottom: black 2px solid;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt; font-weight: bold;">6.5</font></div></td><td valign="top" width="2%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="3%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td align="right" valign="top" width="6%" style="border-bottom: black 2px solid;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">4.9</font></div></td><td valign="top" width="2%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td></tr><tr><td align="left" colspan="2" valign="top" width="77%" style="border-bottom: black 4px double;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 32pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">Total Current Regulatory Assets</font></div></td><td align="right" valign="top" width="3%" style="border-bottom: black 4px double;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt; font-weight: bold;">$</font></div></td><td align="right" valign="top" width="7%" style="border-bottom: black 4px double;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt; font-weight: bold;">6.9</font></div></td><td valign="top" width="2%" style="border-bottom: black 4px double;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td align="right" valign="top" width="3%" style="border-bottom: black 4px double;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">$</font></div></td><td align="right" valign="top" width="6%" style="border-bottom: black 4px double;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">5.9</font></div></td><td valign="top" width="2%" style="border-bottom: black 4px double;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td></tr><tr><td colspan="2" valign="top" width="77%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="3%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="7%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="3%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="6%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td></tr><tr><td align="left" colspan="2" valign="top" width="77%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 16pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">Non-Current</font></div></td><td valign="top" width="3%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="7%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="3%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="6%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td></tr><tr><td align="left" colspan="2" valign="top" width="77%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 24pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">Benefit obligations regulatory asset</font></div></td><td align="right" valign="top" width="3%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt; font-weight: bold;">$</font></div></td><td align="right" valign="top" width="7%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt; font-weight: bold;">285.4</font></div></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td align="right" valign="top" width="3%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">$</font></div></td><td align="right" valign="top" width="6%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">365.5</font></div></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td></tr><tr><td align="left" colspan="2" valign="top" width="77%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 24pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">Income taxes recoverable from customers, net</font></div></td><td valign="top" width="3%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td align="right" valign="top" width="7%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt; font-weight: bold;">45.6</font></div></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="3%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td align="right" valign="top" width="6%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">43.3</font></div></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td></tr><tr><td align="left" colspan="2" valign="top" width="77%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 24pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">Deferred storm expenses</font></div></td><td valign="top" width="3%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td align="right" valign="top" width="7%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt; font-weight: bold;">27.0</font></div></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="3%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td align="right" valign="top" width="6%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">28.6</font></div></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td></tr><tr><td align="left" colspan="2" valign="top" width="77%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 24pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">Smart Grid</font></div></td><td valign="top" width="3%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td align="right" valign="top" width="7%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt; font-weight: bold;">18.3</font></div></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="3%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td align="right" valign="top" width="6%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">14.2</font></div></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td></tr><tr><td align="left" colspan="2" valign="top" width="77%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 24pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">Unamortized loss on reacquired debt</font></div></td><td valign="top" width="3%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td align="right" valign="top" width="7%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt; font-weight: bold;">15.1</font></div></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="3%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td align="right" valign="top" width="6%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">15.3</font></div></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td></tr><tr><td align="left" colspan="2" valign="top" width="77%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 24pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">Deferred Pension Plan expenses</font></div></td><td valign="top" width="3%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td align="right" valign="top" width="7%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt; font-weight: bold;">12.4</font></div></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="3%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td align="right" valign="top" width="6%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">13.5</font></div></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td></tr><tr><td align="left" colspan="2" valign="top" width="77%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 24pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">Red Rock deferred expenses</font></div></td><td valign="top" width="3%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td align="right" valign="top" width="7%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt; font-weight: bold;">7.1</font></div></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="3%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td align="right" valign="top" width="6%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">7.2</font></div></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td></tr><tr><td align="left" colspan="2" valign="top" width="77%" style="border-bottom: black 2px solid;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 24pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">Other</font></div></td><td valign="top" width="3%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td align="right" valign="top" width="7%" style="border-bottom: black 2px solid;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt; font-weight: bold;">1.2</font></div></td><td valign="top" width="2%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="3%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td align="right" valign="top" width="6%" style="border-bottom: black 2px solid;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">1.8</font></div></td><td valign="top" width="2%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td></tr><tr><td align="left" colspan="2" valign="top" width="77%" style="border-bottom: black 4px double;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 32pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">Total Non-Current Regulatory Assets</font></div></td><td align="right" valign="top" width="3%" style="border-bottom: black 4px double;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt; font-weight: bold;">$</font></div></td><td align="right" valign="top" width="7%" style="border-bottom: black 4px double;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt; font-weight: bold;">412.1</font></div></td><td valign="top" width="2%" style="border-bottom: black 4px double;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td align="right" valign="top" width="3%" style="border-bottom: black 4px double;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">$</font></div></td><td align="right" valign="top" width="6%" style="border-bottom: black 4px double;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">489.4</font></div></td><td valign="top" width="2%" style="border-bottom: black 4px double;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td></tr><tr><td colspan="2" valign="top" width="77%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="3%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="7%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="3%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="6%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td></tr><tr><td align="left" colspan="2" valign="top" width="77%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">Regulatory Liabilities</font></div></td><td valign="top" width="3%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="7%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="3%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="6%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td></tr><tr><td align="left" colspan="2" valign="top" width="77%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 16pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">Current</font></div></td><td valign="top" width="3%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="7%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="3%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="6%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td></tr><tr><td align="left" colspan="2" valign="top" width="77%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 24pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">Fuel clause over recoveries</font></div></td><td align="right" valign="top" width="3%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt; font-weight: bold;">$</font></div></td><td align="right" valign="top" width="7%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt; font-weight: bold;">25.4</font></div></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td align="right" valign="top" width="3%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">$</font></div></td><td align="right" valign="top" width="6%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">29.9</font></div></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td></tr><tr><td align="left" colspan="2" valign="top" width="77%" style="border-bottom: black 2px solid;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 24pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">Other (B)</font></div></td><td valign="top" width="3%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td align="right" valign="top" width="7%" style="border-bottom: black 2px solid;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt; font-weight: bold;">27.2</font></div></td><td valign="top" width="2%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="3%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td align="right" valign="top" width="6%" style="border-bottom: black 2px solid;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">20.9</font></div></td><td valign="top" width="2%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td></tr><tr><td align="left" colspan="2" valign="top" width="77%" style="border-bottom: black 4px double;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 32pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">Total Current Regulatory Liabilities</font></div></td><td align="right" valign="top" width="3%" style="border-bottom: black 4px double;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt; font-weight: bold;">$</font></div></td><td align="right" valign="top" width="7%" style="border-bottom: black 4px double;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt; font-weight: bold;">52.6</font></div></td><td valign="top" width="2%" style="border-bottom: black 4px double;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td align="right" valign="top" width="3%" style="border-bottom: black 4px double;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">$</font></div></td><td align="right" valign="top" width="6%" style="border-bottom: black 4px double;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">50.8</font></div></td><td valign="top" width="2%" style="border-bottom: black 4px double;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td></tr><tr><td colspan="2" valign="top" width="77%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="3%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="7%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="3%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="6%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td></tr><tr><td align="left" colspan="2" valign="top" width="77%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 16pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">Non-Current</font></div></td><td valign="top" width="3%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="7%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="3%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="6%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td></tr><tr><td align="left" colspan="2" valign="top" width="77%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 24pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">Accrued removal obligations, net</font></div></td><td align="right" valign="top" width="3%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt; font-weight: bold;">$</font></div></td><td align="right" valign="top" width="7%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt; font-weight: bold;">192.3</font></div></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td align="right" valign="top" width="3%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">$</font></div></td><td align="right" valign="top" width="6%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">184.9</font></div></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td></tr><tr><td align="left" colspan="2" valign="top" width="77%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 24pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">Deferred Pension Plan expenses</font></div></td><td valign="top" width="3%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td align="right" valign="top" width="7%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt; font-weight: bold;">10.7</font></div></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="3%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td align="right" valign="top" width="6%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">8.2</font></div></td><td valign="top" width="2%"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td></tr><tr><td align="left" colspan="2" valign="top" width="77%" style="border-bottom: black 2px solid;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 24pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">Other</font></div></td><td valign="top" width="3%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td align="right" valign="top" width="7%" style="border-bottom: black 2px solid;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt; font-weight: bold;">2.6</font></div></td><td valign="top" width="2%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td valign="top" width="3%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td align="right" valign="top" width="6%" style="border-bottom: black 2px solid;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">---</font></div></td><td valign="top" width="2%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td></tr><tr><td align="left" colspan="2" valign="top" width="77%" style="border-bottom: black 4px double;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 32pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">Total Non-Current Regulatory Liabilities</font></div></td><td align="right" valign="top" width="3%" style="border-bottom: black 4px double;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt; font-weight: bold;">$</font></div></td><td align="right" valign="top" width="7%" style="border-bottom: black 4px double;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt; font-weight: bold;">205.6</font></div></td><td valign="top" width="2%" style="border-bottom: black 4px double;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td><td align="right" valign="top" width="3%" style="border-bottom: black 4px double;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">$</font></div></td><td align="right" valign="top" width="6%" style="border-bottom: black 4px double;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">193.1</font></div></td><td valign="top" width="2%" style="border-bottom: black 4px double;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">  </font></td></tr><tr><td align="left" valign="top" width="4%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">(A)</font></div></td><td colspan="7" valign="top" width="96%"><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">Included in Other Current Assets on the Condensed Balance Sheets.</font></div></td></tr><tr><td align="left" valign="top" width="4%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">(B)</font></div></td><td colspan="7" valign="top" width="96%"><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 12pt;">Included in Other Current Liabilities on the Condensed Balance Sheets.</font></div></td></tr></table></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="text-indent: 40pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 12pt;">Management continuously monitors the future recoverability of regulatory assets.  When in management's judgment future recovery becomes impaired, the amount of the regulatory asset is adjusted, as appropriate.  If the Company were required to discontinue the application of accounting principles for certain types of rate-regulated activities for some or all of its operations, it could result in writing off the related regulatory assets; the financial effects of which could be significant.</font></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 12pt; font-weight: bold;">Related Party Transactions</font></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="text-indent: 40pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 12pt;">OGE Energy charged operating costs to the Company of $31.0 million and $23.5 million during the three months ended March 31, 2011 and 2010, respectively. OGE Energy charges operating costs to its subsidiaries based on several factors. Operating costs directly related to specific subsidiaries are assigned to those subsidiaries.  Where more than one subsidiary benefits from certain expenditures, the costs are shared between those subsidiaries receiving the benefits.  Operating costs incurred for the benefit of all subsidiaries are allocated among the subsidiaries, either as overhead based primarily on labor costs or using the “Distrigas” method.  The Distrigas method is a three-factor formula that uses an equal weighting of payroll, net operating revenues and gross property, plant and equipment.  OGE Energy adopted the Distrigas method in January 1996 as a result of a recommendation by the OCC Staff.  OGE Energy believes this method provides a reasonable basis for allocating common expenses.</font></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="text-indent: 40pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 12pt;">During each of the three months ended March 31, 2011 and 2010, the Company recorded an expense from its affiliate, Enogex, of $8.7 million for transporting gas to the Company's natural gas-fired generating facilities.  During each of the three months ended March 31, 2011 and 2010, the Company recorded an expense from Enogex of $3.2 million for natural gas storage services.  During the three months ended March 31, 2011 and 2010, the Company also recorded natural gas purchases from Enogex, through its subsidiary, OER, of $12.6 million and $14.3 million, respectively. There are $3.3 million and $4.3 million of natural gas purchases recorded at March 31, 2011 and December 31, 2010, respectively, which are included in Accounts Payable – Affiliates in the Condensed Balance Sheets for these activities.</font></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="text-indent: 40pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 12pt;">On July 1, 2009, the Company, Enogex and OER entered into hedging transactions to offset natural gas long positions at Enogex with short natural gas exposures at the Company resulting from the cost of generation associated with a wholesale power sales contract with the OMPA<font style="font-style: italic; display: inline;">.</font><font style="font-style: italic; display: inline;">  </font>Enogex sold physical natural gas to OER, and the Company entered into an offsetting natural gas swap with OER.  These transactions are for 50,000 MMBtu per month from August 2009 to December 2013 (see Note 3 for a further discussion).</font></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="text-indent: 40pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 12pt;">During each of the three months ended March 31, 2011 and 2010, the Company recorded interest income of less than $0.1 million for advances made to OGE Energy from the Company.</font></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="text-indent: 40pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 12pt;">During each of the three months ended March 31, 2011 and 2010, the Company recorded interest expense of less than $0.1 million for advances made by OGE Energy to the Company.  The interest rate charged on advances to the Company from OGE Energy approximates OGE Energy's commercial paper rate.</font></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 12pt; font-weight: bold;">Reclassifications</font></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="text-indent: 40pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 12pt;">Certain prior year amounts have been reclassified on the Condensed Statement of Income and Condensed Statement of Cash Flows to conform to the 2011 presentation primarily related to the presentation of regulatory assets and liabilities.</font></div></div></div>1.Summary of Significant Accounting Policies Organization The Company generates, transmits, distributes and sells electric energy in Oklahoma andfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDescription containing the entire organization, consolidation and basis of presentation of financial statements disclosure. May be provided in more than one note to the financial statements, as long as users are provided with an understanding of (1) the significant judgments and assumptions made by an enterprise in determining whether it must consolidate a VIE and/or disclose information about its involvement with a VIE, (2) the nature of restrictions on a consolidated VIE's assets reported by an enterprise in its statement of financial position, including the carrying amounts of such assets, (3) the nature of, and changes in, the risks associated with an enterprise's involvement with the VIE, and (4) how an enterprise's involvement with the VIE affects the enterprise's financial position, financial performance, and cash flows. Describes procedure if disclosures are provided in more than one note to the financial statements.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS140-4 and FIN46(R)-8
-Paragraph 8, C1, C7
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 2-6
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 94-6
-Paragraph 10
Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 46R
-Paragraph 4, 14, 15
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